Welcome to Florida Retirement System Options

Congratulations! , for being in a position to begin considering your retirement options within the Florida
Retirement System (FRS). The decision to retire requires considerations that will affect your
comfort and financial well being for the rest of your life.

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Congratulations

for being in a position to begin considering your retirement options within the Florida Retirement System (FRS). The decision to retire requires considerations that will affect your comfort and financial well being for the rest of your life. FRS requires that you make those decisions in a timely manner, and must be completed with in the “election period” allotted.  You must consider your pension and what it provides; income to cover living expenses, earnings from other investments, how your FRS options might affect your personal net worth, the need for insurance, and any tax ramifications your choices may make. Many of the decisions you must make are irreversible, therefore it is important that you educate yourself.  Some things we suggest:

§ Research your options through the Division of Retirement

§ Visit MyFRS.com to find your projected retirement values.

§ Consult a trustworthy financial advisor

§ Obtain advice from a reputable tax expert

The good news – as a member of the Florida Retirement Systems alternatives, you have excellent opportunities to plan for your future financial security. There is a wide selection of choices within the system, and understanding how these options will best suit you is not that difficult.  Along with the standard Pension, you also may choose the DROP program, the FRS Investment Plan, or, after retirement, you may choose to “rollover” the lump sum value of your plan into a self-directed IRA, where YOU have complete control over your finances. Selecting the best option for you and your family may well be the most important decision you ever make.

You can begin to take responsibility for your own future by investigating those options. FRSOptions.com and ShouldIDrop.com were designed to provide important information to FRS participants about the options available. Our experience has demonstrated that trying to wade through the information provided on the FRS web-site, while thorough, can be confusing, and FRS Options has advisors to help you sort through the information so you can make the best decision for you and your family.

FRS Options is a no-obligation resource. Our goal is to provide you with the necessary tools to make the most appropriate decision for YOUR particular circumstances.  Your decisions will affect your quality of life in retirement, and your families after you are gone.  Call or email us today, and set up an appointment to start planning your future today.

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We urge you to verify FRS information by referring to MyFRS.com, as well as the links provided on the links page.  We do not provide tax or legal advice.  You should consult your tax and legal advisors before taking any action that could have tax or legal consequences.  Information contained throughout this website is deemed to be accurate, but should be verified with the appropriate sources before action is taken.

  • http://www.floridaretirementsystem.info Mark Davy

    Please ask any questions you may have!

  • http://twitter.com/uniquediver uniquediver

    hello, just testing

  • http://twitter.com/uniquediver uniquediver

    hello, just testing

  • http://www.floridaretirementsystem.info Mark Davy

    Please ask any questions you may have!

  • clint

    blog test

  • clint

    blog test

  • http://www.floridaretirementsystem.info Mark Davy

    Got it. Sorry about delayed response, we were out and I didn't have my phone

  • http://www.floridaretirementsystem.info Mark Davy

    Got it. Sorry about delayed response, we were out and I didn’t have my phone

  • clint

    blog test

  • http://www.floridaretirementsystem.info Mark Davy

    Got it. Sorry about delayed response, we were out and I didn't have my phone

  • Joe

    Hi,

    Your site looks great and I hope it can genuinely help FRS employees as many do need help. My questions are:
    You are securities licensed and registered with a broker/dealer and have not disclosed this fact. Why?
    Also, you claim to be a Registered Investment Advisor and I can find you on the SEC website. Why?

  • Joe

    Hi,

    Your site looks great and I hope it can genuinely help FRS employees as many do need help. My questions are:
    You are securities licensed and registered with a broker/dealer and have not disclosed this fact. Why?
    Also, you claim to be a Registered Investment Advisor and I can find you on the SEC website. Why?

  • Joe

    The last part of the second question should say: “I can't find you”
    Sorry if there's any confusion. Joe

  • Joe

    The last part of the second question should say: “I can't find you”
    Sorry if there's any confusion. Joe

  • http://www.floridaretirementsystem.info Mark Davy

    Joe,

    I'm sorry if you feel I am hiding something, I am not.  The biography is just that, a biography.  The website is not for investment, nor legal and accounting advice, and is not affiliated with my broker/dealer.  It is for information on the FRS system only.  If you or anyone else is interested in discussing financial advice, they should contact me outside of social media like the FRS Options or FloridaRetirmentSystem.info sites.  My address and  phone number are on the banner, and the “Contact us” will get you to my email.
     Mark A. Davy

    SouthBay Investment Group, llc
    665 S. Orange Avenue, Suite 4
    Sarasota, Florida  34236

    941-951-1977
    941-952-1937 (fax)

    ________________________________

  • http://www.floridaretirementsystem.info Mark Davy

    Joe,

    I'm sorry if you feel I am hiding something, I am not.  The biography is just that, a biography.  The website is not for investment, nor legal and accounting advice, and is not affiliated with my broker/dealer.  It is for information on the FRS system only.  If you or anyone else is interested in discussing financial advice, they should contact me outside of social media like the FRS Options or FloridaRetirmentSystem.info sites.  My address and  phone number are on the banner, and the “Contact us” will get you to my email.
     Mark A. Davy

    SouthBay Investment Group, llc
    665 S. Orange Avenue, Suite 4
    Sarasota, Florida  34236

    941-951-1977
    941-952-1937 (fax)

    ________________________________

  • http://www.floridaretirementsystem.info FRS Options

    If you are in the DROP prior to July 1, it will be 3%.

  • Mzmack05

    As a re-hire teacher in Florida do I have to participate in the FRS or can I opt out all together?  I was previously in the FRS investment plan and reached vesting.  I have not touched the account whlie I was not employed by an FRS employer.

  • http://www.floridaretirementsystem.info FRS Options

    To the best of our knowledge, participation is mandatory. Fortunately for you, you have not touched the account, so are eligible to be a re-hire and still participate. Our question is this, why would you want to opt out? In all of our experience in finance, it is a very good program, and far exceeds any private plan.

  • Simon Peter Dodge

    I am not vested. I have filed for disbursement. I am going to roll it over into another IRA. Will I receive any interest on the amount I have invested from my personal contribution? I have a new job in the public sector.

  • http://www.floridaretirementsystem.info FRS Options

    If you are not vested, we believe you will only get a refund of your contributions, without interest.

  • Lynn Harroun Tosi

    I have 18 years in the Ohio State Teacher’s Retirement and I am about to start contributing to FRS. I plan to put in 20 years in Florida. I am not sure whether to contribute to the pension plan or the investment plan. Any advice is appreciated.

  • http://www.floridaretirementsystem.info FRS Options

    There is a lot of thought and variables that would go into that answer. For instance, the pension plan is guaranteed, the performance of the investment plan is not. The investment plan may outperform the pension plan, or it may not. It will also require consideration of any other assets or pensions you have. Assuming you have a vested benefit from Ohio, that would play into the evaluation. We believe the decision would need to made after an informed conversation with a trusted advisor.